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PODCAST

Best of Business

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

business business news

All Episodes

3:10

Eve Lawrence: Tourism operator on figures showing the...

Best of Business ·

2023/02/06

Thousands of tourism businesses remain desperately short of staff, with the latest figures showing the sector could be short as many as 80,000 staff - around 13,000 more than last year. As tourism returns to our shores, many visitors have found businesses closed or operating on limited hours due to staffing issues. General manager of Haka Tours and ANZ Nature Tours Eve Lawrence joined Kate Hawkesby. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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4:10

Paul Stenhouse: Microsoft Teams is going premium,...

Best of Business ·

2023/02/03

Microsoft Teams won't be all-free anymore, they're putting up a paywall They're going to offer a "Premium" tier, costing $7 per user per month. Some of the features will move from the free tier to the premium tier like live translated captions, together mode customizations and virtual appointments. But they'll also add some new extras too the most exciting one being an integration with Chat GPT to help summarize your meeting notes, suggest tasks and next steps. They'll also help keep meetings

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4:37

Nicola Willis: National Finance Spokesperson says...

Best of Business ·

2023/02/02

National is accusing the Government of having its head in the sand, about the prospect of a recession. Finance Minister Grant Robertson has told Newstalk ZB he's confident New Zealand can still avoid a recession, despite the Reserve Bank's efforts to engineer one. But a new forecast from Infometrics suggests a recession is inevitable, given the slowdown in sectors like construction. National Finance Spokesperson Nicola Willis told Kate Hawkesby on Early Edition Robertson is being naïve. She says New

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3:36

Gareth Kiernan: Infometrics Chief Forecaster expects...

Best of Business ·

2023/02/02

An economic consultancy group says a recession is inevitable. That's despite Finance Minister Grant Robertson saying it isn't a foregone conclusion. Infometrics says while recent GDP growth was higher than expected, it probably won't continue as sectors like construction slow down. Chief Forecaster Gareth Kiernan says it will also lead to job losses. He expects the unemployment rate to hit 4.3 percent by the end of the year. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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4:23

Rick Herd: Naylor Love CEO on Westpac report showing...

Best of Business ·

2023/02/02

A new report from Westpac shows tough times ahead for the building industry. The figures show construction demand will fall due to cheaper house prices and rising interest rates. The slowdown has already started in the North Island, where new stats show a decline in building consents being issued Naylor Love Chief Executive Rick Herd told Mike Hosking Westpac might have even been a little optimistic. He says there's a drop back in supply requirements from the residential sector, as well as

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4:32

Liam Dann: NZ Herald business editor on the Auckland...

Best of Business ·

2023/02/02

The recent Auckland floods may be bad news for the economy. Hundreds of houses will need to be repaired, businesses are grappling with ruined stock, and the damages are estimated to be over a billion dollars. NZ Herald business editor at large, Liam Dann, says the Auckland floods have come at a bad time at this point in the current economic cycle. Liam Dann says the extra stimulus generated by the floods is going to add to the pre-existing inflationary pressure in key industries such as produce and

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8:37

Dr. Claire Matthews: Associate professor on mortgage...

Best of Business ·

2023/02/01

The first of stats are in regarding mortgage holders' ability to deal with the new and ugly increased mortgage interest rates, and so far so good. Those with homes and mortgages collectively paid $3.5 billion of interest to banks in the December quarter, 53 percent more than just over a year earlier when interest rates were the lowest on record. Record high wages have helped when it comes to mortgage holders resilience, although the rising cost of living is eating into that. And these are only

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1:50

Mike's Minute: Govt are in a fuel subsidy precedent...

Best of Business ·

2023/02/01

The proof in the pudding that if you hand out free stuff people become addicted, is to be found in the already alarming concerns being expressed as to how life will continue at the end of this month, and then again, at the end of March when the fuel subsidies come off. The warning is already out from the transport people over the price of everything that’s transported, which is, well, basically everything. Costs will have to be passed on - it's the phrase of the age. It was always going to be that

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3:56

John Carran: Economist on record low unemployment,...

Best of Business ·

2023/02/01

Unemployment remains at a record low of 3.4 percent and wages are continuing to rise. In the December quarter all salary and wage rates increased 4.1 percent, and in the private sector wages rose 4.3 percent. The labour market seems to remain tight, with low employment and high wages adding to cost pressures. Investment strategist and economist at Jarden, John Carran, joined Mike Hosking. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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8:56

Grant Robertson: Finance Minister defends decision to...

Best of Business ·

2023/02/01

Finance Minister Grant Robertson is defending the decision to extend the fuel tax subsidy. Chris Hipkins has announced the 25 cent fuel tax cuts, and half-price public transport will now run until the end of June. Robertson said in December running it past the original March date wasn't sustainable, but that changed with Hipkins' succession. He told Mike Hosking Hipkins wanting the cost of living at the top of the agenda was one of those factors. Robertson says the policy has worked and therefore

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2:22

Warrick Dent: Wellington NZ General Manager says Ed...

Best of Business ·

2023/02/01

Wellington's local economy looks to be the big winners from Ed Sheeran's concert tonight. The pop superstar is playing to a crowd of 48,000 at Sky Stadium, the largest single day event for the venue. He's also playing two shows at Auckland's Eden Park next week. Wellington NZ General Manager Warrick Dent told Mike Hosking 35 percent of the people coming to the show are from outside of the capital. He says they're coming into the region which includes eating, drinking and shopping, giving businesses

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3:30

Dave Bodger: Gull GM says fuel tax subsidy extension...

Best of Business ·

2023/02/01

The fuel tax subsidy extension has alleviated fears from the trucking sector. Prime Minister Chris Hipkins yesterday announced the fuel price subsidy, and half-priced public transport fares will be extended until the end of June. The extension, originally due to end in March, is estimated to cost $718 million. Prior to the extension, trucking groups said that had it ended in March, consumers would eventually end up having to pay more for freight costs. Gull general manager Dave Bodger told Mike

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4:41

David Seymour: Act leader says Labour's spending on...

Best of Business ·

2023/02/01

A vote of no confidence in Chris Hipkins from Act after the extension of the fuel tax cuts. The new Prime Minister yesterday announced the 25 cent tax cuts and half-priced public transport will now be extended until June. It will cost an estimated $718 million, which opposition parties say is a continuation of old Jacinda Ardern policies. Seymour told Kate Hawkesby Labour's spending on tax cuts needs to be reined in. He says if this is Hipkins' new leadership style, then really it's just the same

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4:07

Jenee Tibshraeny: NZ Herald business editor on the...

Best of Business ·

2023/02/01

There are suggestions the next Official Cash Rate increase will be 50 basis points. Latest figures from the December quarter show the unemployment rate has risen slightly to 3.4 percent, which was higher than expected. It's sparked speculation from major banks that the next OCR hike to cool inflation will be lower, rather than the predicted 75 basis points. NZ Herald Wellington business editor Jenee Tibshraeny says people might be tempted to celebrate, but a 50 percent basis point hike is still a

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12:25

Brett O'Riley: Employers and Manufacturers...

Best of Business ·

2023/01/31

A business leader claims Kiwi companies are being hit hard by a workforce shortage. Stats NZ's latest labour market figures for the December quarter, showing unemployment has inched up to 3.4 percent. Employers and Manufacturers Association head, Brett O'Riley, told Kerre Woodham we don't have enough highly skilled people. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:14

Simon Bridges: Auckland Business Chamber CEO says...

Best of Business ·

2023/01/31

Simon Bridges is calling on the new Minister of Auckland, to listen to the concerns of businesses in our largest city. Mount Roskill MP Michael Wood is taking on the new portfolio. The senior minister was previously an Auckland Council local board member, and is the husband of an Auckland councillor. Auckland Business Chamber Chief Executive and former National Leader Simon Bridges told Mike Hosking Wood needs to consult with business leaders. He says the role involves being serious about issues

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2:37

Leanne Geraghty: Air New Zealand say they are making...

Best of Business ·

2023/01/31

Airlines will working to clear the backlog at Auckland Airport as quickly as possible. Air New Zealand Chief Customer and Sales Officer Leanne Geraghty told Mike Hosking the national carrier is making good progress. “What we have moved to now is actually the second layer of the response which is to bring people forward onto new flights.” LISTEN ABOVESee omnystudio.com/listener for privacy information.

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2:23

Michael Gordon: Westpac Acting Chief Economist says...

Best of Business ·

2023/01/31

New figures out this morning will reveal just how much the tight job market is driving inflation pressure in the economy. The latest official unemployment rate is being released at 10.45am. Some economists expect the rate to dip back down to a record low, with wage growth continuing to accelerate. But Westpac Acting Chief Economist Michael Gordon told Kate Hawkesby he expects the unemployment rate to remain steady at 3.3 percent. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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4:24

Finn Robinson: ANZ Economist says unemployment figure...

Best of Business ·

2023/01/31

Brace for turn-around in the labour market. Stats NZ is due reveal announce the latest official unemployment rate later this morning. Some economists expect it remain unchanged, while some expect to it drop to a new record low. But ANZ Economist Finn Robinson told Mike Hosking it won't necessarily reflect what will happen over the coming year. He says there will likely be a softening of the labour market this year, with today's data reflecting the market's strength in the last year. LISTEN ABOVESee

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5:32

Pattrick Smellie: BusinessDesk managing editor on...

Best of Business ·

2023/01/31

Wellington-based software firm Hnry has managed to secure a $35 million investment and plans to expand. Hnry is designed to help the self-employed manage their accounts, and the start-up plans to widen their services and hire more staff following the substantial investment. BusinessDesk managing editor Pattrick Smellie says this is an impressive investment for a start-up this size to secure, especially in a recessionary economic climate. Pattrick Smellie also says this company fills an important

en-US

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